Use Counter Trend Rally in NDX To Accumulate SQQQ
Almost like clockwork, the bulls have come rushing back into technology
overnight, seeking to immediately buy potentially oversold Fang stocks from yesterday's selloff.
My read of the SQQQ Chart,the 3 X short Nasdaq 100 ETF, shows that a decline back towards 9.50 - 9.75
could be setting up the handle, on a very bullish "Cup and Handle" Short Trade on the Nasdaq 100.
Seasonal factors with the early Memorial Day holiday next week,
could set a bullish tone/light volume in the market, for the balance of the week.
Accumulation of SQQQ into any short term seasonal NDX rally for the balance of this week
should pay off handsomely for trader's, who recognize and use counter trend accumulation price points on the chart.
THE_UNWIND
5/21/19
NEW YORK
overnight, seeking to immediately buy potentially oversold Fang stocks from yesterday's selloff.
My read of the SQQQ Chart,the 3 X short Nasdaq 100 ETF, shows that a decline back towards 9.50 - 9.75
could be setting up the handle, on a very bullish "Cup and Handle" Short Trade on the Nasdaq 100.
Seasonal factors with the early Memorial Day holiday next week,
could set a bullish tone/light volume in the market, for the balance of the week.
Accumulation of SQQQ into any short term seasonal NDX rally for the balance of this week
should pay off handsomely for trader's, who recognize and use counter trend accumulation price points on the chart.
THE_UNWIND
5/21/19
NEW YORK